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The Coast Guard’s Office of Investigations and Casualty Analysis recently released a Report of Investigation (ROI) regarding the fire on the Italian flagged cargo vessel GRANDE COSTA D’AVORIO and subsequent fatalities of two Newark Fire Department firefighters.
https://www.marinelink.com/news/coast-guard-report-investigation-grande-534235
https://www.marinelink.com/news/coast-guard-report-investigation-grande-534235Dalian iron ore futures fell on Friday for a second session, dragged down by higher portside stocks of the key steelmaking ingredient in top consumer China, although expectations of demand improving spurred a weekly gain overall. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.73% lower at 814.5 ...
https://www.hellenicshippingnews.com/dalian-iron-ore-dips-on-rising-portside-inventory-but-reports-weekly-gain/The global coal trade landscape is edging towards a significant recalibration, marked by a decisive shift from years of expansion toward a structural plateau. According to the International Energy Agency’s latest analysis Coal, the industry is facing an imminent “plateau before entering an expected downturn later in the decade”. While 2024 saw international coal trade ...
https://www.hellenicshippingnews.com/global-coal-trade-braces-for-structural-pivot/
https://www.hellenicshippingnews.com/global-coal-trade-braces-for-structural-pivot/The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday and posted a weekly decline, dragged by broad losses in the capesize and supramax segments. The main index, which tracks rates for capesize, panamax and supramax vessels, lost 30 points to 1,688. The index logged a ...
https://www.hellenicshippingnews.com/baltic-index-logs-weekly-loss-on-capesize-supramax-weakness/
https://www.hellenicshippingnews.com/baltic-index-logs-weekly-loss-on-capesize-supramax-weakness/US forces are continuing the pressure on Venezuela with the seizure of a third tanker in just two days. Maritime security specialist Vanguard said that the falsely flagged Timor-Leste tanker Olina had been seized by US forces in the Caribbean after breaking away from the US naval blockade off Venezuela. The 2005-built tanker’s AIS tracker …
https://splash247.com/us-tightens-naval-grip-on-venezuelan-oil-exports-with-new-tanker-seizure/
https://splash247.com/us-tightens-naval-grip-on-venezuelan-oil-exports-with-new-tanker-seizure/Mining heavyweights Rio Tinto and Glencore have confirmed they are back in early-stage talks over a deal that could see Rio Tinto acquire “some or all” of Glencore, a move that would create the world’s largest miner with a combined market value close to $207bn. The companies stressed that talks are preliminary, with no agreement …
https://splash247.com/rio-tinto-and-glencore-reopen-talks-on-mega-merger/
https://splash247.com/rio-tinto-and-glencore-reopen-talks-on-mega-merger/Drydocks World, a unit of Dubai-owned ports and logistics group DP World, has signed a contract with Dixstone Lower Gulf FZCO to convert an LNG carrier into a floating storage unit (FSU) for use in Gabon’s offshore gas development.The engineering…
https://www.marinelink.com/news/drydocks-world-convert-lng-carrier-fsu-534206
https://www.marinelink.com/news/drydocks-world-convert-lng-carrier-fsu-534206Norwegian shipbuilder Ulstein Verft has launched first of the two offshore wind commissioning service operation vessels (CSOVs) under construction at its yard for J.P. Morgan.On January 2, Ulstein Verft towed the CSOV yard number 322 from the dock hall to the outer dock…
https://www.marinelink.com/news/ulstein-verft-launches-first-two-jp-534208
https://www.marinelink.com/news/ulstein-verft-launches-first-two-jp-534208The Port Authority of New South Wales (NSW) has assisted Fire and Rescue NSW in containing and extinguishing a fire that destroyed and sank three vessels and caused significant damage to a fourth at Spit Bridge Marina in Mosman, Australia.The authority deployed four vessels to the site…
https://www.marinelink.com/news/port-authority-nsw-assists-fire-response-534214
https://www.marinelink.com/news/port-authority-nsw-assists-fire-response-534214The Rio Tinto marine team ia a leading charterer, chartering and operating a fleet of more than 230 ships to transport over 300 million tonnes of product every year. Glencore shares rose by 10% on Friday following news it is in talks with Rio…
https://www.marinelink.com/news/rio-tinto-floats-glencore-merger-534220
https://www.marinelink.com/news/rio-tinto-floats-glencore-merger-534220